Index Weekly Wrap for the Week of Jun 15

The tech heavy index Nasdaq($COMP) is the only one hit new all time for 2nd week in a row. very bullish. While both SPX and DJI were resisted at 2790 and 25400 level respectively, all three major US indexes uptrend are well intact.

In Asia, HSI index has been in sideway consolidation since Feb 2018 mostly within the range of 29919(YEC) and 31600. The key support level to watch is 29919 YEC level.

STI was the worst index this week, lost 2.3%, back down to just above its 3340 key support level, which was hit four times since Nov 2017 then all rebounded up, a broke below this key support level should give bulls early warning signal. Watch 3340 level for immediate support in coming week(s).

SSE has been weak always, hit new low this week, key support is 3000, it hit intra-week low of 3008 this week.